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Consumer Debt Consolidation
An IVA (Individual Voluntary Arrangement) is a debt management plan set up to provide a solution to the problem of personal debt and to deal generally with the issue of consumer debt consolidation. Our clients are licenced to give Individual Voluntary Arrangement advice on the basis of the fact that Individual voluntary arrangements are never one-size-fits-all fixes to any money problem, because each person's situation is so different.
The needs of one household or one individual can be very different from the needs of the next. Any advice given must thus reflect the uniqueness of the situation in which people live.
A normal IVA will be set to run for 60 months (sometimes less) and when this has finished all the debts are discharged from a person's credit record. During the time of the IVA none of the banks are permitted to pursue or harass the debtor. The IVA has the benefits of sequestration and none of the disadvantages of other forms of consumer debt consolidation.
An IVA writes off the larger part of your debt at the beginning of the programme (although beware of the exaggerated claims in some advertising: it is seldom more than 60 or 65 per cent of total unsecured debt which may be cancelled in this way). Any decent IVA advice of this nature will make sure you get the best results with the lowest repayment options together with the highest percentage of debt write-off at the outset.
So fill in the application form below for impartial and independent advice which is right for your own personal circumstances.
We have a super-quick and highly professional debt consolidation service. A qualified and experienced Insolvency Practitioner will be personally assigned to you and you will get a telephone call back from him or her very quickly (or whenever you specify on the online form).
IVAs were set up by the United Kingdom government as a way of dealing with personal insolvency without resorting to bankruptcy, which is still seen as a drastic step and which remains stigmatic to many. Consumer debt consolidation of the IVA type is a kinder way of dealing with personal debt.
Of the two main forms of consumer debt consolidation, an IVA is actually the most beneficial in the long term. It does not carry the risk of a secured loan, and it provides a means of structuring personal debt so that an end to financial problems may actually be achieved. A loan may provide relief for a while - even for a couple of years - but then the borrower usually finds that he or she is back to square one after just a little while.
Consumer debt programmes are dealt with by experienced Insolvency Practitioners, and these people are far more highly qualified than the person who sells you a loan. The insolvency practitioner will look at your income and outgoings then work out what you can afford to pay to your creditors each month. He or she will then approach all of your creditors and negotiate on your behalf, and this is where the massive reduction in your overall debt occurs. Up to seventy percent will be wiped out at this stage.
Now go back up to the application form and change your life today!
Individual Voluntary Agreement
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Consumer Debt Consolidation is an independent website service providing a no-obligation debt consolidation service.